Stock FUTURES To Keep A Close Eye On

[Engineer]

Dear Friends,

I have one lot LT may futures at 1581.
Please suggest some follow up strategy.

 

[SavantGarde]

Engineer,

Looks Like It May Bounce From Present Levels...If You Do See 1630-1654 In Next Few Days...I Would Suggest Going Short On June Future As A Protection If You Want To Continue Holding The May Future

S/L For Monday Would Be Friday's Low

Happy & Safer Trading

SavantGarde

Dear Friends,

I have one lot LT may futures at 1581.
Please suggest some follow up strategy.

 

[aditya14]

Aditya,

a) Yes It Is An Excel Sheet....Any Problem With That
b) Can You Elaborate 'Flimsy Grounds'
c) If You Are Trying To Imply Something, I Suggest....Say It Clearly

Happy & Safer Trading

SavantGarde

Since you are making the post saying u had traded for your friend`s account and then posting the trades on an excel sheet than it doesnt add up.

Anyways for people who had lost based on your call then its their own fault for not putting no stop loss.

But the trades shown on an excel sheet make for a laughable example when you say u had traded like that and then for proof bring up the excel sheet.

Now tomorrow if i say i made 20 lakhs and then post an excel sheet saying RNRL 20 lots i sold at 71 then bought it back at 52 then it won`t add up would it now???

 

[SavantGarde]

Basically What You Are Implying Is That Excel Has Been Cooked By Me.....
Ok....What I Will Do Is Send You The Online Backup That I Keep Of Orders As Generated By ODIN.....Suggest You Send Me Your Email Address Through TJ PM...So I Can Send It To You...Once You Are Satisfied That Excel Hasn't Been Cooked....I Would Require You To Post Here In This Thread That You Made A Judgmental Error Through Your Post.


SavantGarde

Since you are making the post saying u had traded for your friend`s account and then posting the trades on an excel sheet than it doesnt add up.

Anyways for people who had lost based on your call then its their own fault for not putting no stop loss.

But the trades shown on an excel sheet make for a laughable example when you say u had traded like that and then for proof bring up the excel sheet.

Now tomorrow if i say i made 20 lakhs and then post an excel sheet saying RNRL 20 lots i sold at 71 then bought it back at 52 then it won`t add up would it now???

 

[shaslam]

Unitech

Savant Ji,

I would be obliged if you can suggest something on Unitech. I have few June lots in loss(bought at 83). Should I sell it off?

Thanks,

 

[columbus]

Re: Unitech

I would be obliged if you can suggest something on Unitech. I have few June lots in loss(bought at 83). Should I sell it off?

Thanks,

Unitech has got poor fundamentals.I too got Unitech shares.Futures are
time-bound whereas equity is not.Here is a snap shot of UNITECH for last
one year and take a decision accordingly.

 

[SavantGarde]

Re: Unitech

Hi Shaslam,

I Suggest HOLD For Now...But Reduce...Your Lot To 1 From 85.40 Onwards....
It Is Already At A Intermediate Support Area....& Moreover It is Extremely High Beta...Therefore One Can Witness A Huge Intraday Range On Either Side....But Looks Like Downside Is Much Less For Now...If Possible If It Reaches Resistance Levels Then Short The Current Month Future if The Market Exhibits Volatility On Either Side...Due To Global Cues

Happy & Safer Trading

SavantGarde

Savant Ji,

I would be obliged if you can suggest something on Unitech. I have few June lots in loss(bought at 83). Should I sell it off?

Thanks,

 

[Engineer]

Thanks for ur reply SG.
Should I get out at 1630-40 from LT may future.
I am using standard chartered trading acc and I dont think their software will allows to short June LT futures. It does not allow to short puts & call but we can long.
This is my first trade in futures though I am holding LT stock .
Thanks again for ur valuable advice. Regards.

 

[SavantGarde]

Hi Engineer,

With Your Existing Position....Once You See 1630+ Thereafter Keep An Active Watch & Trail It Everyday With Previous Days Low As S/L....Once You Get Stopped Out....Don't Re-Enter LT For Sometime....

Once You Are Free Of This Position Let Me Know...Keep A Watch On Reliance Too....

Happy & Safer Trading

SavantGarde

Thanks for ur reply SG.
Should I get out at 1630-40 from LT may future.
I am using standard chartered trading acc and I dont think their software will allows to short June LT futures. It does not allow to short puts & call but we can long.
This is my first trade in futures though I am holding LT stock .
Thanks again for ur valuable advice. Regards.

 

[Engineer]

I wish to learn Option trading strategies and do some option trading.
How to proceed !
Can ANY friend help and give some advice for current market.